Grant Thornton lifts revenues by 10 per cent

PROFESSIONAL services firm Grant Thornton yesterday revealed a 10.6 per cent rise in revenues for the year to 30 June, led by growth in its recovery and reorganisation arm.

Profits before tax rose by £1m, but average distributable profit per partner dipped slightly to £335,000, two per cent lower than last year, which the firm put down to a “continued investment in people, brand and infrastructure”. Over the year Grant Thornton hired 300 new trainees and appointed 20 partners.